During its 2014 Annual Meetings, the аIJʿª½± Group convened a public forum on illicit financial flows with high-profile speakers from Bangladesh, Denmark and Norway, as well as the Washington, D.C.-based research and advocacy organization Global Financial Integrity. The speakers at the forum stressed the need for a higher pace and a broader range of actions to curb the negative impact of illicit financial flows on sustainable development.
Program Agenda | Speaker Bios | Event Transcript | аIJʿª½± Live
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At the forum, , President of (GFI), and Nena Stoiljkovic, Global Practices Vice President of the аIJʿª½± Group (WBG), underscored the detrimental effect of IFFs on development: draining of hard currency reserves, heightened inflation, reduced tax collection, curtailed investment, undermining of free trade, limits on poverty alleviation and complicated security concerns.